About the company

The company, which is one of the five largest insurance companies in Germany, offers its private and corporate customers individual insurance policies and distributes them in several European countries.

Checks of data

Sanction list screening of customers and partners

Insurers face the daily challenge of having to check their customer data against blacklists. In doing so, they meet regulatory compliance requirements, achieve transparency with regard to their customer base, and help shore up their reputation.

Challenge

Recurring checks of data

In order to fulfill their compliance obligations, insurers must regularly check their complete data inventory.

Objectives

  • Customer and partner screening against sanctions lists
  • Integrating multiple sanctions lists
  • Checking massive amounts of data
  • Reducing the false-positive rate
Solution

Ensure compliance with ACTICO Name Matching Customer (NMC)

The insurer decided to use the software module Name Matching Customer (NMC) from ACTICO. One reason for this is the possible integration of multiple sanctions lists and thereby the ensurance of high-performance even for extremely high volumes of data.

ACTICO Name Matching Customer (NMC)

Screening customer and partner data against sanctions lists – this is how insurers meet regulatory compliance requirements.

Download Success Story

Automating KYC and Onboarding Processes

KfW Group accelerates customer profiling and onboarding by centralizing compliance applications.

Learn more

Anti-Money Laundering in Insurance Companies

Swiss Life is strengthening its security standard for combating money laundering.

Learn more

More Flexibility in Insurance Processes

Process automation at Westfaelische Provinzial insurance ensures process agility and flexibility.

Learn more

Contact

Clarify your questions with our experts.

Contact us

Contact us